The N2.4tn is what the FIRS projects to collect from the VAT if retains the authority to collect consumption based tax, a document available to our correspondent has shown.
These are in spite of the opposition by the FIRS, which already filed an appeal against the judgment. Some northern states say they prefer the Federal Government to continue collecting the tax. The Chairman of the Senate Committee on Finance who chaired the joint MTEF panels, Senator Solomon Adeola, specifically asked Nami while he didn’t speak on the court judgment and the revenue generating agency boss replied that the case had been appealed.
The FIRS boss however proceeded to present his agency’s revenue projection for 2022, 2023 and 2024 fiscal years.
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